https://youtu.be/lv5Q265MYMc

Here’s what you need to know about our market’s fall 2020 performance.

We would like to give you an idea of the real estate markets fall performance this year. I have the latest year-over-year stats from September. In September 2019, there were 7,784 properties for sale in Central Florida. This past September, we only had 5,972 for sale. Now, naturally, you’d figure that with less inventory for buyers to choose from, we’d also see a year-over-year dip in closed sales—but you’d be wrong! We logged 2,989 closed sales last September but hit 3,478 closed sales this year. 

The average days on market hasn’t changed much from this time last year (48), though there are a bunch of numbers that could be skewing this stat (i.e., a few outlier homes in certain price points lingering around longer). In most price points, however, we are seeing houses generate multiple offers and sell within two weeks. This confirms that the real estate market fall performance is on a high.

Demand is high, supply is low, and amazing interest rates remain a driving factor of the market. 

You may be wondering whether people even bother buying houses during the holidays. The answer is yes, they certainly do; since there are even fewer options for them to choose this season in particular, it could be a great time to list your home and generate multiple offers. 

As always, if you have questions about this market update or any other real estate topic, please give me a call or send an email. I'd be more than happy to chat with you and provide the information you need.